The role of home ownership in Japan’s aged society

Hirayama, Yosuke

doi:10.1007/s10901-010-9183-8

Cited by 59 publications

(36 citation statements)

References 18 publications

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“…For example, in Japan, 35.0 per cent of elderly households earning 10 million yen or more annually own additional housing properties besides their own home. The ratio is only 10.6 per cent for those who earned less than 2 million yen (Hirayama, 2010).…”

Section: Sustainabilitymentioning

confidence: 91%

Testing Home Ownership as the Cornerstone of Welfare: Lessons from East Asia for the West

Ronald

Doling

2012

Housing Studies

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In recent years, one driver behind the promotion of home ownership in Western countries has been the belief that owner-occupied housing assets provide a means to build up individual welfare security, potentially offsetting pension shortfalls in retirement. In contrast, many developed East Asian societies have both long focussed on advancing 'asset' or 'property-based welfare' systems as well as experienced the late-1990s Asian Financial Crisis which forced changes in housing and welfare practices. This paper examines how home ownership and asset-based welfare fared in these contexts and the lessons to be learned. It begins by considering the role of owneroccupied housing assets in different welfare regimes before empirically examining how asset-based welfare systems have been realized. It then considers how East Asian home ownership and assetbased welfare systems have stood-up to economic crises. The final section considers what the East Asian experiences contribute to an understanding of the housing assets -welfare relationship.

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Section: Sustainabilitymentioning

confidence: 91%

Testing Home Ownership as the Cornerstone of Welfare: Lessons from East Asia for the West

Ronald

Doling

2012

Housing Studies

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“…The Japanese government has been inclined towards facilitating owner-occupation in operating housing policy since the immediate post-war period (Hirayama & Ronald, 2007). However, housing policy has not supported the provision of private rental housing, and no provision of rental subsidies has been made (Hirayama, 2010). Since the bubble burst, younger cohorts have been faced with economic barriers preventing them from entering the home-ownership market.…”

Section: Japanmentioning

confidence: 99%

“…After World War II, the Japanese government established a framework of public housing administration and private housing finance that was disproportionately biased towards owner-occupation. The 1946 Public Housing Act, the 1950 Housing Loan Act and the 1955 Housing Corporation Act constitute the three pillars of Japanese housing policy (Hayakawa, 1979;Hirayama, 2010;Ronald, 2004).…”

Section: Japanmentioning

confidence: 99%

Housing markets and government intervention in East Asian countries

2013

International Journal of Urban Sciences

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“…The introduction of virtual products and new electronic devices and social media has allowed for a considerable replacement of physical demand with these electronic experiences, satisfying and perhaps replacing traditional consumption choices. We have seen in Japan a parallel with children living at home longer, deferring marriage and children, and again this reduces consumption at a time when demand for care of elderly parents increases and has placed significant demand on savings to accomplish this care, both for families and the government [5]. The benefit to society at large is a decrease in population and what appears to be a beginning of a demographic shift away from continuous population growth.…”

Section: Introductionmentioning

confidence: 99%